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Show V0- 0 fhir m S Reagan Yowe to F ight Unfair Trade By Norman D. Sandler United Press International WASHINGTON President Reagan declared Monday he "will not stand by and watch" as American businesses and workers are crushed by imports, and called for creation of a $300 million government fund to promote U.S. exports. Reagan, facing a congressional stampede toward protectionism to save American jobs, vowed aggressive efforts to see that other nations "abide by the rules laid down by the principle of free and fair trade, while renewing his threat to veto protectionist legislation. - -D C3 $ XCJ d Xo V- "I will not stand by and watch American businesses fail because of unfair trading pratices abroad," Reagan said. I will not stand by and watch American workers lose their jobs because other nations do not play by the rules." Detailing a repackaged strategy on trade in a speech at the W'hite House, Reagan asked Congress for expanded authority to negotiate lower trade barriers abroad and announced creation of a government strike force to ferret out and "promptly counter and eliminate cases of unfair trade practices. Congressional leaders applauded u0) -i G e ? & CO D 6 G G 4- - 2 G X ? D X co oG a3 Ul G O H XJ G ja p x CO XJ G 3 the tone of the speech, but emphasized Reagan will be judged not by what he says but by whether his proposals succeed. "Im glad we got his attention, Senate Democratic leader Robert Byrd of West Virginia said. House Speaker Thomas O'Neill, seemed unimpressed by Reagans appraoch, saying, The president sounded an uncertain trumpet on trade. There was an uncharacteristic absence of active verbs in the president's speech, ONeill added. "Instead, the president spoke of investigations, of maintaining a constant watch,' of looking forward to working with the Congress, of 'accelerating negotiations, of the need to uncover unfair trade practices. These are not the words of someone taking action, but of someone trying to stall for time. Leaders of both parties agreed the speech would do little to prevent passage of a textile import quotas bill opposed by Reagan, which looms as the first major test in his trade-polic- y showdown with Congress. Asked if the promise of action was sufficient to lessen chances of a dama serious conaging veto override Sen. John cern to the White House Danforth, replied, It is not, in and of itself. The speech culminated a high-levWhite House review of trade policy and came one day after the administration joined with the four other leading Western industrial nations to alter currency imbalances. Treasury Secretary James Baker n said the effects of the agreement to act to lower the value blamed for pricing of the dollar and U.S. goods out of the market resist protectionism may not translate into a lower trade deficit for another 10 to 18 months. But Reagan said he was confident five-natio- C3 Associated Press Laserphoto The Paris stock exchange buzzed Monday as dollar dropped sharply after economic meet of 5 major industrial nations. Concrete Measures Needed To Ensure Decline Of Dollar, Analysts Say By Jeremy Solomons Reuter News Agency NEW YORK A pledge by five major industrial nations to cooperate more closely in lowering the dollar will have only a fleeting impact unless it is followed by concrete fiscal and monetary measures, analysts say. Nothing has changed. In a few days when the dust settles, people will go back to fundamental issues, especially economy, remarked Steven Cerier, foreign exchange analyst at Manufacturers Hanover Trust Co. - Todays Forecast Salt Lake City and vicinity Mostly fair skies and cool. Highs upper 60s. Lows upper 30s. Details, B-- Foreign exchange dealers polled by Reuters agreed that action must still be taken on the U.S. budget deficit, while the Europeans and Japanese must follow through on their side of the bargain. Ministers of the G-group indicated more action was possible in saying that, in addition to possible direct intervention in the foreign exchange markets, each country would adopt measures aimed at sustaining more balanced, economic expansion. However, foreign exchange dealers made it clear that the dollar would stay down only if the five countries the United States, Japan, West Gertransmany, Britain and France lated these hints into reality. This is a very serious commitment which took a long time in the making," Discount Corp. executive vice president Scott Pardee, a former official with the Federal Reserve Bank of New York, said of Sundays agreement. But the dollar will only decline if the package comes through with something credible. In the case of the United States, cuts are required in the federal budget deficit, which is expected to exceed $200 billion this year, analysts said. Reagan can propose deficit-cuttin- g measures but Congress has to follow through, said Lawrence Kreicher, foreign exchange economist at Irving Trust Co. Ultimately, the U.S. federal deficit has to be reduced but there are no signs of that at the moment, Pardee noted. The analysts welcomed West Ger-Se- e A-Column 4 5 that action markets for provide better products and improve the competitive position of our industry, agriculture and labor. A centerpiece of Reagans Trade Policy Action Plan" is the proposed creation of a $300 million fund for loans to help foreign buyers purchase would U.S. U.S. goods. fl Some members of Congress were skeptical about the size of the fund, compared to a trade deficit estimated at about $150 billion this year, and its purpose. The fund must be approved by Congress. In offering to work with Congress on trade matters, Reagan drew the line at protectionism. Warning such action would only boost prices to consumers, invite retaliation, strain international relations and rekindle inflation, he declared, I will strongly oppose and veto measures that will harm economic growth, cause loss of jobs and diminish international trade. Senate GOP leader Robert Dole of Kansas, hopeful the speech would help cool the protectionist fires on Capitol Hill," called for bipartisan cooperation on trade policy. Bidding to shift the public debate from talk of retaliation against imports to promotion of exports, Reagan pledged continued diplomatic efforts to dismantle trade barriers, but hastened to add, We will take all the action that is necessary to pursue our rights and interests in international commerce. The president also proposed legislation to protect the patents, copyrights, trademarks and other inte- llectual such property, as designs; to tighten the Freedom of Information Act to protect proprietary business information; to improve laws against the of subsidized foreign dumping goods in U.S. markets; and to speed the resolution of trade disputes. computer-chi- N p President Reagan outlines a repackaged trade policy Monday while renewing a threat to veto protectionist legislation. Democrats Seek Action, Not Talk Party Lines Appear Drawn on Trade Issue By Elmer W proach" to trade problems and that the speech should help cool the protectionist fires on Capi- ammi United Press International I WASHINGTON Republicans in Congress suggested Monday that President Reagans pledge to fight unfair trade pratices may have blunted protectionist sentiment on Capitol Hill but Democrats said action, not promises, is needed. In a speech at the White House, Reagan sketched a series of efforts to break down barriers abroad to American goods and encourage the sale of U.S. merchandise overseas, but repeated his vow to veto legislation that would hamper the free movement of goods. Senate Republican leader Robert Dole said Reagan had spelled out a comprehensive ap tol Hill. It is my hope that a bipartisan working group can be organized so that Congress and the administration can act together on this extremely important issue, the Kansas Republican said. But House Spreaker Thomas ONeill said Reagan had sounded an uncertain trumpet on trade.. to uncover unfair trade practices. These are not the words of someone taking action, but of someone trying to stall for time. a key sponsor of Sen. Lloyd Bentsen, a Democratic bill calling for higher tariffs on imports from Japan and other countries that do not lower their barriers to U.S. goods, said the speech appeared to reflect a' change of attitude by the president. Now I want to see the substance and the he said. Bentsen said any policy seeking to cut a $150 billion trade deficit should be based more on results and less on rhetoric and that he was ready to work with Reagan to achieve measurable results within a period of time. follow- There was an uncharacteristic absence of active verbs in the presidents speech, ONeill, said. Instead, the president spoke of investigations, of maintaining a constant watch, of looking forward to working with the Congress, of accelerating negotiations, of the need -through, Crews Find Survivors Entombed by Quakes As Mexico City Begins Return to Work By Dana Fields Associated Press Writer MEXICO CITY Rescue workers said Monday they tunneled into the ruins of a government technical school and found 26 survivors of Mexicos two killer earthquakes. They said more people might be alive under the debris. At a collapsed apartment building, a German shepherd rescue dog named Bobby sniffed and pawed at a spot in the ruins. An hour's digging freed Patricia Aguirre, dehydrated but otherwise unhurt despite being entombed since the quakes Thursday and Friday. Dr. German Oropewz Gonzalez, coordinator of the rescue effort at the Conalep technical school, said a tun- - nel had been dug through to the 26 survivors. We think there are more people trapped alive inside, he said. A dog was brought in and detected something. We are going to dig another tunnel. We heard some noises, but we could not determine the location. Police and the attorney general's office said the death toll in Mexico City stood at 3.000 on Monday with 1,500 others still believed trapped inside collapsed buildings. The president's office said about 100 people were killed elsewhere in Mexico. Police said about 4,000 people were missing. The State Department said in Washington that 3.461 were known See Column 1 A-- Political Leaders Demand Answers on Greenpeace Bombing Burning Question in France: Who Gave the Order? By Elaine Ganley Associated Press Writer French political PARIS (AP) leaders, stunned by Premier Laurent Fabius admission that French spies blew up the Greenpeace ship Rainbow Warrior, were demanding to know Monday who gave the order for the July 10 attack. Fabius told the nation on the evening news Sunday that the agents who attacked the ship acted under orders. However, he did not name the agents or say who gave the order. Fabius' announcement came two days after the resignation of Defense Minister Charles Hernu and the firing of Adm. Pierre Lacoste, head of the General Directorate for External Security, the secret service agency charged with activities outside France The Rainbow Warrior, on a mission to protest French nuclear tests in the South Pacific, was sunk in Auckland, New Zealand, by two explosive charges that also killed a Greenpeace photographer from Portugal. Two DGSF, agents are awaiting trial in Auckland on charges of murder and conspiracy. Three other French agents were named in New Zealand arrest warrants, but they are believed to be back in France and French authorities have not acted on the New Zealand warrants. At U.N. headquarters in New York, New Zealands deputy prime minis Todays Chuckle The most important thing a mother can do for her daughter is instill in her the will to shop ter, Geoffrey Palmer, said he had met with French Foreign Minister Roland Dumas on possible ways to resolve the situation that has tattered the two nations relations. They met for two hours, and Palmer told reporters they would meet again within the next few days. Both men are in New York for the 40th session of the General Assembly, and Palmer is scheduled to address the assembly Tuesday afternoon. He said the tone of his meeting with Dumas was amicable despite New Zealand's anger at the attack on the Rainbow Warrior. Palmer was asked about compensation New Zealand might ask for the attack and said the government has not formulated its claim," The newspaper Le Monde and the weekly newsmagazine 1Express said last week that another team of agents other than those in custody had carried out the bombing. Paul Quiles, newly appointed defense minister, "discovered in two days what the powers were unable to find out in two months, wrote Le Monde. However, Europe 1, France's second largest radio station, reported Saturday that, one day after he be- came defense minister, Quiles learned that essential pieces" of the DGSE dossier on the Greenpeace operation had been destroyed. The news agency Agence France-Press- e made its own own confirmation of the claim by good sources But Le Monde, which has made numerous revelations about the Greenpeace operation during the past month, did not carry such a report Workers transport a woman from wreckage of an apartment building after she was found alive days after the earthquake. 4 I i ( |
